And now the lawyers ...

It's reported today in Accountancy Age that firms of accountants are likely to be sued for their role in setting up the sub-prime mortgages which many people believe were key to the start of the credit crunch. There must be some very nervous partners at the moment worrying about where the next holiday in Antibes is going to come from. One consolation for them is that they are all in the same boat; not all the big firms can be allowed to go bankrupt in hurricane of law suits that will follow the deluge of the crunch.